India’s top IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at US and European clients who are bracing for a recession will sharply hit their own profits after a pandemic-led boom. Infosys Ltd, India’s second-biggest IT company, and smaller rival Wipro recently told their employees they had reduced the variable pay portion of employee compensations, according to respective internal emails sent… Continue reading Indian IT firms cut staff bonuses as US, European clients tighten budgets amid recessionInfosys and Wipro recently told their employees they had reduc…
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SpaceX, T-Mobile plan to connect mobile phones to satellites, boost cell coverage
US wireless carrier T-Mobile US Inc will use Elon Musk-owned SpaceX‘s Starlink satellites to provide mobile users with network access in parts of the United States, the companies announced on Thursday, outlining plans to connect users’ mobile phones directly to satellites in orbit. The new plans, which would exist alongside T-mobile‘s existing cellular services, would cut out the need for cell towers and offer service for sending texts and images where cell coverage does not currently exist, key for emergency situations… Continue reading SpaceX, T-Mobile plan to connect mobile phones to satellites, boost cell coverage
Australian BNPL firm Afterpay ends smartphone tie-up with Westpac
Afterpay, the Australian payments firm bought by Jack Dorsey’s Block Inc, and Australia’s Westpac Banking Corp ended a partnership after the firm cancelled a smartphone app it was running with the bank, the companies said. Since Block‘s $29-billion buyout earlier this year, buy-now-pay-later star Afterpay said it decided to integrate its products with its new owner’s “ecosystem” instead, which meant closing the personal finance app that was… Continue reading Australian BNPL firm Afterpay ends smartphone tie-up with Westpac
KKR-led group walks away from $15b all-cash offer for Australia’s Ramsay Health Care
Ramsay Health Care Ltd said on Friday a group led by private equity giant KKR & Co pulled the plug on a near $15 billion all-cash buyout offer for the Australian hospital operator, but a cash and stock bid remains on the table. On Thursday, Ramsay received an alternate proposal from the KKR-led consortium in that its shareholders… Continue reading KKR-led group walks away from $15b all-cash offer for Australia’s Ramsay Health Care
Sunwoda’s EV battery unit rakes in $875m from food delivery giant Meituan, others
Sunwoda Electric Vehicle Battery, an electric vehicle (EV) battery solutions provider affiliated with Chinese publicly-listed Sunwoda Electronic, has pocketed 6 billion yuan ($875.1 million) in a Series A funding round from investors including food delivery giant Meituan. One of the lead investors in the deal, Meituan made the bet through its strategic investment department, said… Continue reading Sunwoda’s EV battery unit rakes in $875m from food delivery giant Meituan, others
Direct-to-satellite Starlink coming to Tesla vehicles, but not in the way you expect
At a joint event between SpaceX and T-Mobile, the two companies announced that they will be launching a direct-to-phone connection with Starlink Gen 2 satellites. Elon took to Twitter soon after to confirm that this same connection will allow direct connections with Tesla vehicles. SpaceX’s announcement with T-Mobile saw the companies announce that SpaceX will… Continue reading Direct-to-satellite Starlink coming to Tesla vehicles, but not in the way you expect
Global PTW Holdings picks significant interest in SG-based Jesse TechThe deal will allow both firms to expand their offerings across the customer port…
Global PTW Holdings – which refurbishes front-end production equipment of semiconductors – has acquired a significant interest in Singapore-based Jesse Technology using the $20-million growth capital it raised from several investors, according to a press release. Global PTW raised capital on July 25 from Daiwa ACA APAC Growth I and II LP, private equity funds… Continue reading Global PTW Holdings picks significant interest in SG-based Jesse TechThe deal will allow both firms to expand their offerings across the customer port…
PropertyGuru’s Q2 revenues surge 44% riding on SG and Malaysia businesses
NYSE-listed PropertyGuru posted revenues and EBITDA margin growth in the second quarter of 2022 led by improvements in its Singapore and Malaysia units. The Southeast Asian property listing platform reported that Q2 revenue rose 43.6% year-on-year to S$33 million, led by Malaysian marketplace revenues that jumped 170% to S$5.9 million as a result of the… Continue reading PropertyGuru’s Q2 revenues surge 44% riding on SG and Malaysia businesses
Clean Technica: Tesla FSD (“Full Self Driving”) Price Going To $15,000 — I Bought It At $6,000, What I Think Now002200
Tesla is increasing the price of its “Full Self Driving” (FSD) suite from $12,000 to $15,000 on September 5 when FSD Beta version 10.69.2 goes out for wide release. This is just the latest step in Tesla’s occasional but consistent FSD price increases. Each time the FSD suite gets significant new features or improves a… Continue reading Clean Technica: Tesla FSD (“Full Self Driving”) Price Going To $15,000 — I Bought It At $6,000, What I Think Now002200
Clean Technica: What Tesla Needs To Dominate The Market (Part 2)002199
I began this rant about Tesla and what I think the brand needs in order to continue to grow and prosper in the face of red-hot competition from established players that it’s never really had before. In part one, I talked about the brand’s need to diversify its product lines and stop selling the same… Continue reading Clean Technica: What Tesla Needs To Dominate The Market (Part 2)002199